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£151,250
Entry phone system, communal garden.
You can apply to buy the home if all of the following apply:
- your household income is £90,000 or less
- you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs
One of the following must also be true:
- you're a first-time buyer
- you used to own a home but cannot afford to buy one now
- you're forming a new household - for example, after a relationship breakdown
- you're an existing shared owner, and you want to move
- you own a home and want to move but cannot afford to buy a new home for your needs
If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase.
As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and mortgage payments.
SHARED OWNERSHIP
Full Market Value: £275,000
Share Value (55%): £151,250
Monthly Rent: £437.37
Service Charge: £242.17
Heat & Water Charges: £134.78
Ground Rent: £350 per annum
Council Tax Band: C
99 year lease commenced May 2016 - 88 years remaining.
Guidance, from the Royal Institute of Chartered Surveyors (RICS), means that lenders should not require an EWS1 form for this property. However, we cannot guarantee that all Mortgage lenders, brokers and valuers are utilising the same criteria.
All rooms lead off a central hallway in this beautifully presented apartment. There is a separate modern kitchen fitted with a range of white units with black worktops with an integrated oven and hob and spaces for a fridge freezer and washing machine. The bright, generous, dual aspect reception room opens onto a larger than average south facing private balcony. There are two well proportioned double bedrooms, one including a built-in wardrobe. A modern bathroom completes the accommodation.
It is a short walk to both Goodmayes Station and Chadwell Heath overground station, which provides services to Liverpool Street in 30 minutes and it also operates on the Elizabeth Line, connecting the area with Central London and to Reading and Heathrow Airport.
The High Road has an array of shops and services from hair salons to dry cleaners and a post office. There are also major supermarkets (including Tesco, Lidl and Iceland). restaurants, pubs and cafés and a Home Bargains store. Head to Romford for bigger chains and, of course, Westfield Stratford is only 30 minutes away on the train.
Explore St Chad's Park with its gardens and wildlife conservation area or Hainault Forest Country Park with its 300 acres of countryside. Alternatively, don your lycra and head to the Redbridge Cycling Centre.
The buyer will require a deposit to obtain a mortgage for this property.
To meet the requirements for this property we require as a guideline, a minimum household income of £51,054. If you are offered the property, your ability to afford this property will be assessed at your financial interview. Please note that applicants should purchase the maximum share that they can afford and sustain.
Only applicants who are registered with London and Quadrant will be eligible to be offered a property in one of our schemes. In order to register, please visit our website lqhomes.com to register and obtain your unique reference number.
Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.
These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as of March 2026.
